iSignthis fails to block ASX from revealing alleged breaches of listing rules

iSignthis fails to block ASX from revealing alleged breaches of listing rules

Payment identity verifier iSignthis (ASX: ISX) has failed in its bid to injunct the Australian Stock Exchange (ASX: ASX) from revealing alleged breaches of ASX listing rules in the Federal Court yesterday afternoon. The company brought the lawsuit against the ASX to protect itself from "reputational damage" by hindering the ASX ...

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Southern Cross Austereo raise falls short by $6.5 million

Southern Cross Austereo raise falls short by $6.5 million

Southern Cross Media Group (ASX: SXL) has missed the mark by $6.5 million today in its $19.5 million retail entitlement offer. The offer, forming part of the group's major capital raising program designed to enhance liquidity, raised approximately $13 million before transaction costs. The parent company of national radio broa...

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Newcrest to raise $1.1 billion for Ecuadorian gold and new developments

Newcrest to raise $1.1 billion for Ecuadorian gold and new developments

After gold prices recently reached their highest levels in 7.5 years, Australia's largest gold miner is seeking extra liquidity to boost its exposure to the precious metal. Newcrest Mining (ASX: NWC) has announced a $1.1 billion capital raising today of which the majority will fund the acquisition of the gold prepay, stream facilities...

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Qube limbers up for growth with $500 million raise

Qube limbers up for growth with $500 million raise

Improving balance sheet flexibility is the aim of logistics services company Qube's (ASX: QUB) $500 million entitlement offer announced this morning. The company hopes to pursue growth opportunities and build resilience in the face of COVID-19, all the while ensuring it has sufficient liquidity to manage the financial crisis. The ...

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Woolworths Group flags $340m hit from COVID-19 costs and pub closures

Woolworths Group flags $340m hit from COVID-19 costs and pub closures

After Coles Group (ASX: COL) reported a a 12.9 per cent rise in third quarter sales yesterday, rival grocery and drinks purveyor Woolworths Group (ASX: WOW) has reported a similar jump in the first three months of 2020. Woolworths reported an 11.3 per cent rise in sales to $11.17 billion for its Australian supermarkets, while the percenta...

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ANZ profit dives on $1.7 billion impairment charge

ANZ profit dives on $1.7 billion impairment charge

COVID-19 has taken its toll on ANZ's (ASX: ANZ) half year profit, with the bank announcing a $1.7 billion impairment charge today. The impairment includes $1.03 billion attributed to increased credit reserves for COVID-19 impacts, while the valuation of investments in Asian associates was impaired by $815 million, largely due to the i...

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Infinite Blue Energy secures funding for $300m "Green Hydrogen" plant in WA

Infinite Blue Energy secures funding for $300m "Green Hydrogen" plant in WA

A WA company aims to achieve a national first with its landmark $300 million Arrowsmith Hydrogen Project, along with ambitions to build a series of installations throughout regional Australia to reduce dependence on coal-fired power stations. Infinite Blue Energy (IBE) has today announced it secured funding for the "100 per cent...

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Rex confirms 88 return service flights will operate weekly with government support

Rex confirms 88 return service flights will operate weekly with government support

Regional Express (ASX: REX) will operate 88 return service flights per week under various funding arrangements that will see the federal and state governments support the airline. The airline was rescued from COVID-19 uncertainty at the end of March when the Federal Government announced a $198 million Regional Air Network Support (RANS) p...

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Booktopia turns new page with global e-book giant

Booktopia turns new page with global e-book giant

Australia's leading online bookseller Booktopia has responded to a spike in demand by penning an exclusive digital partnership with global e-book specialist Rakuten Kobo Inc. At a time when people have been encouraged to stay indoors and practice social distancing, Booktopia has observed a surge in demand for e-books and audiobooks. ...

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Melco exits Crown in a $550 million deal with Blackstone

Melco exits Crown in a $550 million deal with Blackstone

US private equity investment firm The Blackstone Group has acquired 67 million shares in Crown Resorts (ASX: CWN) from Melco Resorts & Entertainment at $8.15 per share. The bulk-purchase represents 9.99 per cent of the issued capital of Crown and is worth around $550 million. Melco recently pulled out of a $1.76 billion investment...

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Bauer Media stands down staff and suspends print of Australian titles

Bauer Media stands down staff and suspends print of Australian titles

Approximately 70 staff at Bauer Media will be stood down as the publisher temporarily suspends the publication of a number of titles due to the COVID-19 financial crisis. The publisher says the impact of COVID-19 in Australia and the correlated decrease in advertising revenue leaves Bauer Media with no other choice. Titles affected wi...

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As Keybridge shakes up Yowie, Wilson shakes up Keybridge

As Keybridge shakes up Yowie, Wilson shakes up Keybridge

Investor advocate group Wilson Asset Management Active Limited (ASX: WAA) has launched yet another bid at taking over Nicholas Bolton-led Keybridge Capital (ASX: KBC). The new bid comes just two weeks after Wilson's previous takeover attempt was blocked by the Australian Takeovers Panel because of "unacceptable circumstances&quot...

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Mirvac starts Ascot Green Stage 2 development in Brisbane

Mirvac starts Ascot Green Stage 2 development in Brisbane

Mirvac Group (ASX:MGR) has today announced the second phase has begun for its Ascot Green masterplanned community development in Brisbane, which is the first racecourse-fronting apartment project to be delivered in Australia. Work has started on Tulloch House as part of the $77 million second stage of the project, with...

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Westpac to be hit with $2.2 billion impairment charge

Westpac to be hit with $2.2 billion impairment charge

The impact of Covid-19 will result in a $1.6 billion impairment charge in 1H20 for Westpac (ASX: WBC). Combined with a $600 million impairment charge from individually assessed provisions and net-write offs, the total impairment charge for the half will reach $2.2 billion. This impairment charge comes after $1.4 billion in slashed ear...

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Home upgrades a boon for Temple & Webster, Bunnings, Officeworks

Home upgrades a boon for Temple & Webster, Bunnings, Officeworks

Today's working from home (WFH) reality has driven a surge of activity for online furniture retailer Temple & Webster (ASX: TPW), as well as bricks-and-mortar icons such as Bunnings Warehouse and Officeworks. TPW shares surged 16 per cent this morning to $3.98 each after the company reported year-to-date revenue (1 January to 24 A...

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Lendlease to raise $1.15 billion

Lendlease to raise $1.15 billion

Property project developer Lendlease (ASX: LLC) has today joined the wave of Australian companies raising enormous amounts of capital to ride out the Covid-19 crisis, with plans to dilute its shareholdings by up to a fifth to secure more cash. This morning the company announced plans for a $950 million fully underwritten institutiona...

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Monash IVF to raise $80 million as elective surgery ban is lifted

Monash IVF to raise $80 million as elective surgery ban is lifted

Debt repayment and growth opportunities will be the focus for fertility specialists Monash IVF Group (ASX: MVF) following an $80 million equity raise. The raise should leave the company in a position to restart its business after the Australian Federal Government placed restrictions on non-urgent elective surgeries, which included IVF tre...

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Domain pays staff salaries in shares to overcome cost troubles

Domain pays staff salaries in shares to overcome cost troubles

While businesses all over the country are standing down staff to keep costs at bay during the Covid-19 crisis, real estate listings company Domain (ASX: DHG) is taking a different approach. The Nine Entertainment-owned group is offering staff the option to either cut back their working hours or receive part of their salary in share rights...

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Charter Hall REIT to bolster balance sheet with $300 million equity raise

Charter Hall REIT to bolster balance sheet with $300 million equity raise

Charter Hall's real estate investment trust (ASX: CQR) plans to strengthen its balance sheet as retailers around the country put plans in place to reopen in May. CQR has today announced a $275 million institutional placement to strengthen its balance sheet and provide financial flexibility to see it through the Covid-19 financial...

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NAB to raise $3.5 billion as earnings dive

NAB to raise $3.5 billion as earnings dive

National Australia Bank (ASX: NAB) will raise $3.5 billion and slash its interim dividend to manage through the economic downturn caused by Covid-19. The raise, which includes a $3 billion institutional placement and a non-underwritten share purchase plan to raise $500 million, will give the big four bank a cash buffer to assist with cred...

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